Quest Flow Controls Limited (formerly Meson Valves India Limited) has successfully completed its postal ballot voting process, with shareholders providing overwhelming support for the company's proposed registered office relocation. The BSE SME-listed company announced the voting results on January 10, 2026, demonstrating strong shareholder confidence in the strategic move.

Postal Ballot Results Overview

The special resolution regarding the shifting of the registered office from Goa to Pune, Maharashtra, along with subsequent alteration of the Memorandum of Association, received exceptional shareholder support. The voting process was conducted entirely through remote e-voting, reflecting modern corporate governance practices.

Detailed Voting Breakdown

The voting results demonstrated remarkable shareholder unity, with 99.72% of valid votes cast supporting the resolution. A total of 28 members voted in favor, while only 2 members opposed the proposal.

Category-wise Participation

The voting participation varied across different shareholder categories, with the public non-institutional category showing the highest engagement in the postal ballot process.

Scrutinizer Report and Compliance

CS Nikunj Kanabar & Associates served as the appointed scrutinizer for the postal ballot process, ensuring compliance with Section 110 of the Companies Act, 2013, and related rules. The scrutinizer confirmed that the resolution was passed with the requisite majority and that all procedural requirements were met.

The company utilized NSDL as the service provider for the e-voting facility, with Maashitla Securities Private Limited acting as the Registrar and Share Transfer Agent. The entire process was conducted transparently, with votes being unblocked on January 08, 2026, after the conclusion of the e-voting period.

Strategic Implications

The approved resolution enables Quest Flow Controls Limited to relocate its registered office from its current location in Verna Industrial Estate, Goa, to Pune, Maharashtra. This strategic move will also necessitate corresponding changes to the company's Memorandum of Association to reflect the new registered office address and state of incorporation.

Quest Flow Controls Limited reported substantial progress across multiple business segments during Q3FY26, marking significant milestones in international certifications, export growth, and defence sector participation. The company, operating from its 35,000 sq. ft manufacturing facility in Chakan, demonstrated strong momentum in expanding its global footprint while strengthening domestic capabilities.

API Monogram License Initiative

The company initiated the process to secure the American Petroleum Institute (API) Monogram License during Q3FY26, representing a critical regulatory milestone for global Oil and Gas project participation. This certification would position Quest Flow Controls among the select few listed Indian valve manufacturers with API recognition, enhancing its ability to participate in international tenders as a global supplier for critical Oil & Gas applications.

International Market Expansion

Quest Flow Controls achieved meaningful progress in international markets during the quarter, demonstrating its growing global reach and certification capabilities.

The Russia supply represents a significant milestone, executed with proper EAC/EACU certification and delivered through an established Indian EPC partner, showcasing the company's ability to navigate complex international certification requirements.

Defence and Shipbuilding Sector Developments

The company strengthened its position in strategic defence and shipbuilding programs through several key developments. Quest Flow Controls successfully developed and supplied its first submarine valve for a submarine refit project at Mazagon Dock Limited, marking its entry into critical submarine applications.

The development of fogway valve capability places Quest Flow Controls among a select group of global manufacturers with the expertise to design, manufacture, and test such critical components. The Government of India's Shipbuilding Financial Assistance Policy (SBFAP) announced on December 26, 2025, mandates 40% local content for commercial ships built in India, creating structural advantages for domestic manufacturers like Quest Flow Controls.

Operational Infrastructure Enhancement

During Q3FY26, Quest Flow Controls significantly strengthened its manufacturing and testing capabilities through strategic asset additions and facility expansion.

The installation of four fully automatic, four-station test benches resulted in improved productivity, enhanced quality control, and higher testing accuracy. The company received an order from BHEL for a remote-control valve program for the IPMS system, which is currently operating at full capacity.

R&D Expansion and Leadership Strengthening

Quest Flow Controls made substantial investments in research and development capabilities and operational leadership during the quarter. The company onboarded 18 new members to its R&D team, including a specialized valve design expert with comprehensive experience across butterfly, ball, globe, and gate valves to enhance and expand the existing product portfolio.

The establishment of a new office in Pune houses R&D and back-office functions, improving engineering support, documentation efficiency, and project turnaround times. Mr. Sudhir Ghalot was appointed as Vice President - Operations, bringing extensive experience in large-scale operational transformation within the manufacturing sector.

Product Development and Technology Independence

The company continued its transition toward greater technological independence through continued progress in Double Offset Valve development and deployment. This strategic shift away from royalty-based global technologies enables greater control, margin improvement, and enhanced compliance capabilities. The removal of historical limitations associated with royalty-based technologies now permits participation in shipbuilding and gas sector applications previously restricted.